Biogen will take a big royalty cut for the multiple sclerosis drug Ocrevus (ocrelizumab) after biosimilar rivals enter the market, said executive vice president and chief financial officer Michael McDonnell.
“Per the contract, there would be a 50% cut to the tiered royalty structure upon the approval of the biosimilars,” he said during a recent Evercore HealthCONx Conference, referring to...
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